Delta Air Lines, Inc. $DAL Shares Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 17.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,216 shares of the transportation company’s stock after buying an additional 2,602 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Delta Air Lines were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DAL. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at $386,364,000. Pacer Advisors Inc. grew its stake in Delta Air Lines by 5,224.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after purchasing an additional 4,255,262 shares in the last quarter. AQR Capital Management LLC grew its stake in Delta Air Lines by 149.9% during the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Delta Air Lines by 347.4% during the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after purchasing an additional 3,286,741 shares in the last quarter. Finally, Ninety One UK Ltd grew its stake in Delta Air Lines by 1,469.9% during the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company’s stock worth $144,273,000 after purchasing an additional 3,098,237 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 1.2%

NYSE:DAL opened at $59.70 on Friday. The stock has a 50-day simple moving average of $59.35 and a 200-day simple moving average of $52.07. The stock has a market cap of $38.98 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.38 and a beta of 1.50. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $8.40 billion during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio is 10.56%.

Analysts Set New Price Targets

Several research firms recently commented on DAL. The Goldman Sachs Group boosted their target price on Delta Air Lines from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Bank of America boosted their target price on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday. Rothschild & Co Redburn boosted their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday. Finally, UBS Group upped their price objective on Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $71.53.

Insider Activity at Delta Air Lines

In related news, Director Michael P. Huerta sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director directly owned 33,245 shares of the company’s stock, valued at $2,017,971.50. This represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at approximately $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,510 shares of company stock valued at $2,979,663 in the last three months. 0.88% of the stock is currently owned by company insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.